The time of day in which a trader enters into a position can affect the outcome of the trade. Inexperienced traders or those who want to steer clear of the price volatility of trading early or late in the day should consider placing their trades in the middle of the trading day.
What is the best time of the day to trade?
- Thread starter Lloyd W. Coutee
- Start date
How much does Baron pay you to post repeat questions every day?
Rubbish, as a quick glance at a chart of any blue chip US stock will reveal what "TIME " is the best time to trade - you are aware that making a statement like that is just showing everyone how little you know - always think before you speak!
J_S
He's obviously a rookie and admits it. We were all there once ourselves.... wanting "every possible confirmation before we risked out money". Eventually we learned there is no such "confirmation"... and we have to trade "probability w/stops".
There is no best time of day. You should make your trades "whenever you see them"... however better ones are more likely to be seen early and late in the session... mid-day is often more "noise".
1) Backtest your trade method...the results will tell you when is the best time for you to trade
2) Some trade methods outperform when there's lots of volatility. In contrast, other trade methods outperform when there's very little volatility. Its your responsibility to know how your trade method performs with or without volatility prior to trade entry.
3) Be careful about making blanket statements or following rules that most losing traders because everybody doesn't use the same trade method, doesn't trade the same trading instrument and doesn't have the same daily routine.
Yet, if what you stated fits your trade method (improves the results)...keep doing it while knowing its not suitable for others.
You're kidding right? That's not trading its investing. Why tf would I want to trade when everyone else is at lunch or the beach? There's no volatility and no opportunity either unless you're talking about a pattern of buying or selling which repeats. I used to always get caught in the 6am doldrums in the currencies till I figured out it was lunchtime in London. Thank you for sharing but its really not what I need to hear
BTW its 1030et and I'm done for the day